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Frequently Asked Questions How does living off campus affect my financial aid award? How do outside scholarships affect my financial aid award? Can work study earnings be applied to my bill? What do I need to do to be considered for institutional merit aid? How can I be considered independent? How does studying abroad affect my financial aid? How much debt do students incur? What happens if I become a Co-op student? What happens if I receive a State Grant? How is my financial aid affected if I become a Gryphon?
How does living off campus affect my financial aid award? Your financial aid application is reviewed and processed and your aid is disbursed in exactly the same manner regardless of whether you choose on-campus or off-campus housing. The difference is that with off-campus housing, you are responsible for paying rent to your landlord instead of being directly billed through the Bursar for your room. Cost of attendance at Lehigh continues to include a housing and food allowance. In this case, students often receive a refund which they may use to pay their rent and related expenses when living off campus. How do outside scholarships affect my financial aid award? The majority of our financial aid packages are based on financial need and therefore, require us to monitor aid from all sources. Receipt of an outside award will first reduce any unmet need, then reduce grant and self-help equally. Students receiving need based aid in combination with a merit or athletic scholarship award have their need met with grant assistance. In these cases, a dollar for dollar reduction, to the need based grant, is necessary. Can work-study earnings be applied to my bill? Work study earnings are paid directly to the student based on the number of hours worked. These funds are used to assist with your unbilled expenses (miscellaneous and books). A deduction for your work study award may not be taken on the bill you receive from the Bursar’s office. What do I need to do to be considered for institutional merit aid? Our Asa Packer Scholarship and Dean’s Scholarship are awarded to entering first year students based on the merit of their application. No additional or separate application is required for consideration. Unfortunately at this time, there are no merit awards available to returning or transfer students. How can I be considered independent?
If you answer yes to any of the following questions, you would be considered independent for federal purposes ONLY : Will you be 24 years of age as of January 1st ? At the beginning of the school year, will you be working in a program of graduate study? As of today, are you married? Do you have children who receive more than half of their support from you? Do you have dependents (other than your children or spouse) who live with you and who receive more than half of their support from you, now and through the end of the academic year? Are both of your parents deceased, or are you or were you (until age 18) a ward/dependent of the court? Are you a veteran of the U.S. Armed Forces? Answering yes to the above questions does not automatically make you independent for institutional funds. If you feel you have extenuating circumstances, please contact the financial aid office. How does studying abroad affect my financial aid? If you are participating in a university approved study abroad program, your financial aid would remain the same as if you were still on campus. Since you would be unable to participate in work-study while you are abroad, your work study award for that semester/year could be converted to a university tuition loan. How much debt do students incur? Graduates in June 2006 had an average debt of $ 25,603, requiring an approximate average monthly payment of $250. While career placement figures for June 2007 graduates are not yet available, the average 2006 Lehigh graduate starting salary was approximately between $39,259 and $53,140. Equally important, the loan default rate for past Lehigh borrowers is less than two percent, substantially below the national average for four-year colleges and universities What happens if I become a Co-op student? A brochure entitled Cooperative Education FAQ’s is available in Career Services which explains most of what you need to know. Your enrolled periods change from Fall/Spring to Summer/Spring. Your aid is also distributed Summer/Spring. Be sure to write Co-op on the top of your Lehigh University Upperclass Application for financial aid. When applying for aid in the following year, be sure to submit your Co-op Expense Sheet (found under "Additional Forms" at www.lehigh.edu/~infao). What happens if I receive a State Grant? If you are awarded a State Grant, it will be a direct reduction from your Lehigh University Grant. What happens to my financial aid if I become a Gryphon? The self help portion of your financial aid package (loan and work study) would be replaced by the amount of your Gryphon compensation. If your financial aid package does not include a loan or work study, or it does, but in an amount less than the Gryphon compensation, a reduction would be made to your Lehigh grant.
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